Ambac Financial Group, Inc. (NYSE:AMBC) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 97.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,934 shares of the company’s stock after purchasing an additional 36,015 shares during the period. Royce & Associates LP owned approximately 0.15% of Ambac Financial Group worth $923,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Ambac Financial Group by 2.6% in the 3rd quarter. State Street Corp now owns 1,653,544 shares of the company’s stock valued at $18,536,000 after buying an additional 42,504 shares during the last quarter. Barclays PLC boosted its position in Ambac Financial Group by 30.9% in the 3rd quarter. Barclays PLC now owns 376,102 shares of the company’s stock valued at $4,216,000 after buying an additional 88,863 shares during the last quarter. Geode Capital Management LLC boosted its position in Ambac Financial Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company’s stock valued at $11,537,000 after buying an additional 28,573 shares during the last quarter. VELA Investment Management LLC purchased a new position in Ambac Financial Group in the 4th quarter valued at about $792,000. Finally, Principal Financial Group Inc. lifted its position in shares of Ambac Financial Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock worth $2,909,000 after purchasing an additional 6,589 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Ambac Financial Group Stock Performance

Shares of AMBC stock opened at $8.78 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. Ambac Financial Group, Inc. has a one year low of $7.92 and a one year high of $18.45. The company’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $11.43. The stock has a market capitalization of $406.19 million, a price-to-earnings ratio of -19.10 and a beta of 1.26.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. Equities analysts anticipate that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.